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20130121
Search Results 0 to 18 of about 19 (some duplicates have been removed)
implementation of obama care next year. which is one of the themes i told you about last week, the government made me do it theme. the staffing companies are in flago right now. and i think they'll stay that way for the rest of the year. i think in part because of the affordable care act. they are ultrasensitive to changes in the labor market. temporary employment is more cyclical than regular labor market. first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable care act. aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will need to provide employees with expensive health care cov
administration, that was president obama the last four years. >> no, no, no. remember -- >> you're going back two terms? >> remember 2008? remember what happened september 2008? that was bush's -- >> his second term was fabulous on spending. working with the republican congress. clinton. they got the spending share of the economy down to 18%. now, you are right. growth is holding back revenues p but i think that's because president obama's taxes and regulations and obama care. >> it just started a few days ago. >> if we could go back -- that's why it's such a lousy recovery. if we could go back to anything close to those clinton heflz. hello, if we could go back to 2007, before the crisis, we would be in great shape. i've got to get out of here. keith boykin, matt simone, matt welch. plenty more to do with the rest of the show. now, i have a serious question, a very serious question. at least one american hostage is now dead in algeria. and there are other americans still held hostage. so where are the marines? where are the special forces to rescue them and show some american strength? we're goi
budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth which it self might be a function of taxes and spending. if this economy were growing, you would have a substantially lower budget deficit. gentlemen we will welcome you back another time. >> there is at least one state in the northeast that gets it. natural gas shale and it is pennsylvania and the republican governor tom corebet is about to join us. he picks up support from chuck schumer who didn't get an apology for the anti-israel statements. if we were growing at 5% instead of 2% we would be close to a balanced budget today. i'm kudlow we will be right back. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cel
, you know, boehner doesn't want to give obama a free lunch on the debt ceiling. they did that a year ago, they still haven't passed the se yestercuts. what i'm saying, why not at least launch a compromise? obama has compromised before in the past. heck, he's even voted against the debt ceiling in the past. >> well, we clearly need a compromise. we need to reduce spending, we need to impose tough statutory budget controls. need a real credit card, that's constitutional limit. we're the only country on earth that has a debt ceiling limit. so let's get real and try to do something that's more -- that's more appropriate and more effective than we have had in the past. ultimately we need to build a bridge to a grand bargain later this year which includes social insurance reforms and comprehensive tax reform. that will make it simpler, fairer, more competitive and generate more revenues. >> you know, on that taxes, i am just beside myself with the desire to have business tax cuts. large and small business tax cuts. i think we should have done this four years ago. >> i definitely think that
the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next, u.s. planes will reportedly land in -- i'm sorry, u.s. planes have erroredly landed in algeria as hostage takers remain holed up in a gas complex. we will bring you the latest as we come back. >>> let's take a look at how european equities are right now. advancers generally outpacing decliners. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome b
kids 30 years old. i don't know if you want to blame president obama for that, that's strange, but you can do so. this was a qualitatively different type of recession. he had a housing bubble, it collapsed. that was not the nature of the recession in '74, '75, '81, '82. those were easy to get out of. easy to have strong growth because the fed deliberately raised interest rates to ease the economy. lower interest rates, then you get a big boom in housing. you can't have that when you have the recession brought on by the housing bubble. >> okay. i've been become a spending hawk right now. i'll get to taxes in a minute, but look, all this government spending we are actually paying people not to work. and i think this is so bad for our economy as well as our moral fiber. just some points, food stamps. in the last two years food stamp recipients are gone up 7.2%. and that's a period when the unemployment rate fell. then you can walk through social security disability insurance. you can walk through lengthy unemployment insurance. pell grants have kept -- keep people out of college rather th
with their tail fins this year. what's interesting is obama is on the one hand saying the rich need to pay their fair share, but also raising more money from the wealthy in this inauguration than last time. last year he had a $50,000 cap on what you could contribute to the inauguration ball. this year he's asking for $250,000, up to $1 million from corporations to contribute to the fund-raising. >> for the event itself, what is the total budget? >> it's around $50 million. >> i remember in '09, how many balls were there, nine at least? >> yes. >> this year there are two. >> it's a much smaller event. some of the hotels in d.c. have interesting promotions. the madison hotel has four nights' stay at the presidential sweet, shopping tour and a dedicated social media butler. dedicated social media butler. this is someone who will follow you around and tweet, and pinterest, and facebook, all your events, as you go to all the balls. so that way when you're with the president, you do your -- rather than doing this, you know, you can say, jeeves please -- >> do you have to pay for him as well? >>
in germany worse than expected compared to a 3% gdp reading the year before. >>> urging action, president obama, fed chairman bernanke and treasury secretary tim geithner all say congress must face the u.s. debt ceiling or face irreparable damage to the u.s. economy. >>> the third quarter revenue beats forecasts, h & m's top sales estimates, as well. >>> reports say the pcmaker has been in talk wes several private equity firms in recent months about a possible buyout. >>> right. we're just about to get the latest cpi numbers and producer price figures out for the uk. just to remind you, month on month forecast we're looking for a rise of .5%. there's a lot coming out at the same time. >> it's hard to grab these. >> cpi up. for once, it's hit the forecast, up 0.5% on the month, the annual rate 2.7%. that's exactly as forecasts suggested. the highest rate since may. rpi up 0.5%. the annual rate of rpi slightly less. rpx, the old measure we used to look at which includes housing but not mortgage costs, up 3% as expected. the biggest contribution to cpi came from utility bills. the biggest do
right now, look i disagree with barack obama's fiscal and economic policy. i have for four years and i reckon i'll disagree with it for a while longer. i'll tell you this. the guy goes out and gives this gun control, safety speech today. okay. you don't have to agree with everything. a very complex issue we're dealing with in this horrible heinous national tragedy. but already, joe, right away republicans, some of them are out there killing him. executive orders are no good. papa bush used executive orders on this very subject. you know what i'm saying. the gop has become the pessimistic party of dr. no not the solution party of let's get together and figure something out. we can do this. reban always said we can do this. right now the gop says we can't do anything except bash obama. >> great leaders figure out how to say yes. ronald reagan and i'll say it, i voted to impeach the guy, bill clinton. bill clinton would always figure out that when republicans said something he agreed with he would tell people. hey, you know that's a good idea. they are right. and i guess as a politician t
been weakening which is helping your exporters. the biggest election day of last year was december 16th. you had president barack obama, putin, francois hollande and pena in mexico. shinzo abe in japan, december 16th, going to weaken the yen and restructure there, and we think japan has legs, maria. >> right. >> so you want to get exposure, big exporters, automobile companies, electronics. >> japan exporters are on fire and that's why that fund has been really increasing. >> you look at a chart, maria, goes straight up. >> hey, josh, you like health care stocks, too, at this level, don't you? >> we've been extremely bullish on health care since the early part of last-year, and there was absolutely nothing in the data, terk call or fundamental that tells us we should change our mind. one name to highlight is pfizer. they are about to spin off their animal health unit. if you know the data on how spinoffs typically perform, parent and child, you'll want to pay extra special attention to the timing of this deal, because i've got to tell you, i think it will be unlike a lot of value. i thin
to ebay's success and his company involved in a controversy involving president obama's inauguration. more on that coming up. >> ebay trading at a seven-year high. is there more room to grow? that and much more coming up on the "closing bell" here on cnbc. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or pain
now. >> the fight in washington has begun. president obama issuing a warning on the next d.c. deadline, days after americans see a bigger chunk of their first check of the year going to social security taxes. something rotten may be at apple. the stock is dropping, taking with it the nasdaq and a whole lot of mutual funds. so should you get ready to bite? go into apple on the report that scott just talked about. and check out the brand new corvette. iconic car, maybe even more beautiful than it's ever been. that's one of the things on display at the detroit auto show. we will take you to motor city live. but first to sue with the new york stock exchange. >> ty, you saw it moment ago on cnbc. president obama finishing up his news conference in washington. topic number one, debt ceiling deadline. john harwood is at the white house. lines are drawn, john. >> sue, they were drawn very starkly by the president. he asserted that american people vendcated his approach to deficit reduction in the recently passed election. he said he was willing to negotiate over ways to cut the deficit in the
by the administration's first-term policies. and mr. obama. but what they got was a guy who, while not one of them -- at least does know the budget really well, and clearly the main challenge on the economic front for the -- first year is going to be on the fiscal front. so insofar as jack lew has the trust of the president has in power to make deals, i would say that's a positive. but you have to keep in mind, he's not exactly the most trusted or liked person among republicans on capitol hill so that make make deal making a little rougher. >> jerry, what about all these issues in washington, the debt ceiling fight on the horizon. is this going to impact the broad economy and the earnings season, do you think? >> i guess this whole political thing is -- these are all the bricks in the wall of worry that equity markets are continuing to climb. i think there's -- you know, we know how to talk about these things, they're out there, they're visible, they're in the media a lot. you know, we follow them i think sometimes like a sport. and so maybe we exaggerate a little bit how much the -- these politic
over for a year and a half. now i understand moral high ground. it's with us every day. let's look at health care. today there was an op-ed in "the wall street journal" about the cost of obama care. there's continuing articles on the cost of dodd-frank, transactions for real estate. in the end, the moral high ground is a very big argument. steve liesman's center piece was, how the spin, so to speak, is going to be about the word default. and he's absolutely right. there's a certain default on interest payments. that's a legal default. but when you don't send the checks to people on social security or medicare or you don't send checks to veterans or you don't keep veterans hospitals open, that's a moral issue. it's going to be impossible to beat that. and in the end it comes down to a philosophical argument nobody really wants to have. and when we have it, people make fun of the argument. but the argument is, socialism. to help the collective by doing something to the few is the very cornerstone of socialism. whether right or wrong. there's a moral high ground that we're that going
.c., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, the futures outlook is mixed. dow and s&p 500 futures are both indicated higher. fass dak futures are indicated slightly down, down by just over 7 points and i wonder if part of that is because of what is happening with apple. that sdun does the make up a big part of the post shares percentage. if you take a look at europe this morning, you'll see that it was at this point the averages there above fair value are trading higher in the early trade there. in france, cac is up by .4%. germany the dax is up by .6%. the ftse is lightly higher bay few points in london. in asia overnight, you'll see that the hang seng endeded
on for years or decades, but eventually that company will decline. it it needs to consciously create value for all of its stake holders. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of poverty. i think it result in great progress we made in the world. a hundred years ago 85% of people alive lived on less than $1 a day. average life span, 30. now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much rather see a safety net for
know that there is anywhere near true. >> i think barack obama agreed with me, the debt ceiling is there for a reason. it forces us to have this discussion. if we didn't have it, we would blow through it like we did for many years. yes, we're doing it differently now. we're talking about the debt ceiling in term of ways to have a discussion and reduce spending. is that different than it has been over the last 30 years? yes, but thankfully so. maybe if we had these discussions for the last 30 years we wouldn't be looking at $6 trillion in debt. we've done it to ourselves but this is the future and perhaps rightly so until we get things straightened out. >> we'll keep a close eye. thanks for coming to the camera. >> thanks for having me. >> still, the cost of america's crumbling of infrastructure. we're back in a moment. >> announcer: this cnbc program is sponsored by audi, truth in engineering. [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ the street." i'm michelle caruso cabrera. a report just came out that shows how costly
obama inaugural, they're very much resigned to a pretty difficult time economically. there isn't nearly the sort of hope that you had in 2009 when we asked people is 2013 going to be a year of economic expansion and opportunity or where where you pull back and stay for hard times? by two to one, people say they're going to pull back and save for hard times. president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised and if there are consequences for the united states not meeting its obligations, who wo
Search Results 0 to 18 of about 19 (some duplicates have been removed)